[Federal Register Volume 59, Number 11 (Tuesday, January 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1184]
[[Page Unknown]]
[Federal Register: January 18, 1994]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-25972]
Filings Under the Public Utility Holding Company Act of 1935
(``Act'')
January 12, 1994.
Notice is hereby given that the following filing(s) has/have been
made with the Commission pursuant to provisions of the Act and rules
promulgated thereunder. All interested persons are referred to the
application(s) and/or declaration(s) for complete statements of the
proposed transaction(s) summarized below. The application(s) and/or
declaration(s) and any amendments thereto is/are available for public
inspection through the Commission's Office of Public Reference.
Interested persons wishing to comment or request a hearing on the
application(s) and/or declaration(s) should submit their views in
writing by January 31, 1994, to the Secretary, Securities and Exchange
Commission, Washington, DC 20549, and serve a copy on the relevant
applicant(s) and/or declarant(s) at the address(es) specified below.
Proof of service (by affidavit or, in case of an attorney at law, by
certificate) should be filed with the request. Any request for hearing
shall identify specifically the issues of fact or law that are
disputed. A person who so requests will be notified of any hearing, if
ordered, and will receive a copy of any notice or order issued in the
matter. After said date, the application(s) and/or declaration(s), as
filed or as amended, may be granted and/or permitted to become
effective.
General Public Utilities Corporation, et al. (70-8315)
General Public Utilities Corporation (``GPU''), 100 Interpace
Parkway, Parsippany, New Jersey 07054, a registered holding company,
and its wholly owned non-utility subsidiary company, Energy
Initiatives, Inc. (``EII'') (collectively, ``Applicants''), One Upper
Pond Road, Parsippany, New Jersey 07074, have filed an application-
declaration under sections 6, 7, 9, 10, 12(b), and 32 of the Act and
Rules 45 and 53 thereunder.
The Commission issued a notice of the filing on January 7, 1994
(HCAR No. 25971) (``January 7th Notice''). In the January 7th notice,
EII proposed to acquire a limited partnership interest for $11.5
million in a Canadian limited partnership (``Partnership'') being
formed to develop, construct, own and operate a 22.5 megawatt wood and
oil fired cogeneration facility in Brooklyn, Nova Scotia, Canada
(``Project''). Applicants anticipated that the Project would quality as
an exempt wholesale generator as defined by section 32(a)(1) of the
Act. EII proposed to secure its equity contribution to the Partnership
through an irrevocable letter of credit for $11.5 million with GPU
unconditionally guaranteeing EII's obligations. Alternatively, should
the Partnership elect to borrow $11.5 million from lending institutions
to provide a portion of the construction financing, GPU proposed to
guarantee unconditionally EII's repayment obligations.
Applicants now propose that GPU make a capital contribution to EII
of up to $11.5 million. EII proposes to use such funds to acquire its
interest in the Partnership.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-1184 Filed 1-13-94; 8:45 am]
BILLING CODE 8010-01-M
